Freestanding Office with
For Sale
Contact for pricing
5085 E Main St, Columbus, OH 43213
Single-story office with 674 SF warehouse/storage and a garage door, plus 40 on-site parking spaces.
Property Size3,600 SF
Lot Size0.78 Acres
Price / SF$208.33
Days on Market485
Property Features for 5085 E Main St
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
40
Lot size
0.78 Acres
Property subtype
OFFICE
Zoning
CAC
Site & Location
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
NAI Ohio Equities
(614) 224-2400
Listed By:
Chad Boggs · License ##2023003870
(614) 595-2752
Source:
Moodyscre
Added: May 14, 2025
Changed: Sep 7
Last Checked: Sep 10 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Ohio Equities
Investment Insights
Based on property information with market context.
This freestanding, single-story building offers 3,600 SF of office space configured for combined office, medical, and retail use, along with 674 SF of warehouse/storage space that includes a garage door. The property is supported by monument signage on E Main Street and provides 40 on-site parking spaces.
The site is located on E Main Street between I-270 and S Hamilton Rd and is described as experiencing heavy traffic with 23,000+ vehicles per day. The property is zoned CAC/Commercial.
With a mix of office and storage, the building can support operations that require both client-facing space and on-site warehousing.
The site is located on E Main Street between I-270 and S Hamilton Rd and is described as experiencing heavy traffic with 23,000+ vehicles per day. The property is zoned CAC/Commercial.
With a mix of office and storage, the building can support operations that require both client-facing space and on-site warehousing.
Key Highlights
- 3,600 SF single‑story office/medical/retail building in a free‑standing layout
- Includes 674 SF warehouse/storage with a garage door
- Monument signage on E Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,480
$858.5K
Cap Rate 7%
$613,200
$613.2K
Cap Rate 9%
$476,933
$476.9K
Market Conditions
NOI Build-Up for 3,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.8K $21.60/SF
− Vacancy
−$6.2K −$1.73/SF
EGI
$71.5K $19.87/SF
− OpEx
−$28.6K −$7.95/SF
NOI
$42.9K $11.92/SF
Area
Columbus, OH
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,480
Cap Rate 7%
$613,200
Cap Rate 9%
$476,933
Alternative Uses
Best Use
Healthcare Medical
$613.2K
$536.6K – $715.4K
NOI $42,924 @ 7.0% cap · market cap 5.72%
Second Best
Office B
$594.2K
$519.9K – $693.2K
NOI $41,592 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$750.3K
$656.5K – $875.3K
NOI $52,518 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Flex space - Single-story office with 674 SF warehouse/storage and a garage door, plus 40 on-site parking spaces.
Where is this flex space located?
The property is located at 5085 E Main St Columbus, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,600 SF single‑story office/medical/retail building in a free‑standing layout; Includes 674 SF warehouse/storage with a garage door; Monument signage on E Main Street
